Victorian Office
For Sale
$598,000
1100 Tijeras Ave, Albuquerque, NM 87102
Updated building systems support a multi-room office layout with conference, work, and breakroom areas.
Property Size2,170 SF
Price / SF$275.58
Days on Market106
Property Features for 1100 Tijeras Ave
General Information
Standard status
Active
Size
2,170 SF
Amenities
conference room
sunrooms
kitchen/breakroom
private patio
soaring ceilings
hardwood floors
Building Details
Buildings
1
Construction
Victorian
Listing Agency:
Talia Freedman and Co.
Listed By:
Talia Freedman · License #19468
(505) 263-7892
Source:
Myabqhomesearch
Added: May 30
Changed: Sep 9
Last Checked: Sep 11 at 11:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Talia Freedman and Co.
Investment Insights
Based on property information with market context.
This preserved Victorian office property at 1100 Tijeras Ave NW offers a distinctive professional setting with two offices on each level, a large upstairs conference room, and bright sunrooms that extend the usable workspace. The building also includes a spacious kitchen and breakroom with a built-in table and benches. Original architectural elements, high ceilings, and hardwood floors add character, while a private enclosed patio provides an outdoor meeting area.
Heating and air conditioning, electrical, plumbing, roofing, and structural components have been updated. The property is in Albuquerque’s Historic Fourth Ward, near the courts and with convenient access to UNM. Its configuration supports an owner-user or investor seeking office space with multiple dedicated rooms and client-facing areas.
Heating and air conditioning, electrical, plumbing, roofing, and structural components have been updated. The property is in Albuquerque’s Historic Fourth Ward, near the courts and with convenient access to UNM. Its configuration supports an owner-user or investor seeking office space with multiple dedicated rooms and client-facing areas.
Key Highlights
- Preserved Victorian office building at 1100 Tijeras Ave NW, Albuquerque, NM
- Two downstairs offices, two upstairs offices, and an upstairs conference room
- Bright sunrooms provide additional workspace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,826
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$576,520
$576.5K
Cap Rate 7%
$411,800
$411.8K
Cap Rate 9%
$320,289
$320.3K
Market Conditions
NOI Build-Up for 2,170 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.9K $21.60/SF
− Vacancy
−$8.4K −$3.89/SF
EGI
$38.4K $17.71/SF
− OpEx
−$9.6K −$4.43/SF
NOI
$28.8K $13.28/SF
Area
Albuquerque, NM
Vacancy
18.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$576,520
Cap Rate 7%
$411,800
Cap Rate 9%
$320,289
Alternative Uses
Best Use
Office B
$411.8K
$360.3K – $480.4K
NOI $28,826 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.0K
$459.4K – $612.5K
NOI $36,748 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,457
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Updated building systems support a multi-room office layout with conference, work, and breakroom areas.
Where is this office building located?
The property is located at 1100 Tijeras Ave Albuquerque, NM.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Preserved Victorian office building at 1100 Tijeras Ave NW, Albuquerque, NM; Two downstairs offices, two upstairs offices, and an upstairs conference room; Bright sunrooms provide additional workspace
